Word: millions
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Dates: during 1960-1969
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...succeeded his uncle, Percy Straus, in the Herald Square headquarters, still Macy's largest store. Since then, Straus has successfully parried the discounters, staked out new ground in the suburbs and built a nine-state chain that now numbers 59 stores, many under other names. Sales reached $758.6 million last year, and profits $19.7 million. This year sales are expected to top $800 million, making 1968 the 14th record year...
...open manner, yet is first to admit that he is "a nonmerchant." Macy's general attorney and then treasurer before he became vice chairman, Smiley will pursue the company's already sizable expansion program, which has added 13 new stores at a cost of $90 million over the past five years...
...latest to make this discovery is one of the biggest contributors of them all: the Ford Foundation. Last week President McGeorge Bundy announced that the foundation, while continuing to give some $200 million a year in outright grants, will for the first time dig into its investment portfolio with the expectation of reaping a return from its high-minded endeavors...
...starter, foundation trustees earmarked $10 million for investment in activities that would have a profit goal as well as offer a sociological gain. Out of this, interest-bearing loans will be granted to or stock purchases made in these enterprises...
White Watson served on the secret panel the military's CBW budget tripled to $300 million and expanded into many new research projects. Products of that period's research have been part of the U.S. arsenal in Vietnam and the new high-powered police anti-riot arsenal...